Customer Reviews

Financial Management of the Medical Practice

5 star:		(1)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

The best part of Reiboldt's book, for me, was understanding the financial reporting standards for the medical practice. Reiboldt's book spells out the theories, the purpose, and the effects of disciplined financial reporting. The book provides detailed steps for revenue optimization, expense management, and internal controls, such as rigorous budgeting process and benchmarking.

This is not a theoretical work trying to lay out basic principles of accounting. This is a road map for any medical practice to achieve sound operational processes and fiscal stability.

Yuval Lirov, Medical Billing Networks and Processes - Profitable and Compliant Revenue Cycle Management in the Internet Age

I've read several books on medical practice management, and this one is by far the most practical tool. The author gives excellent templates and clear, concise explanations. The reader is not overwhelmed by deep financial explanations. I recommend it especially for small, independant practices.